Middle East Economic Survey

VOL. XLVII

No 38

20-September-2004

LIBYA

US Lifts Libya Sanctions Relating To Exim Bank Trade Credits

US President George W Bush took another step towards normalizing relations with Libya on 10 September when he lifted restrictions on the Export-Import Bank operating trade credits for US companies seeking to export to Libya. In a memorandum to the Secretary of State, Mr Bush said that the continued termination of assistance would have a serious adverse effect on vital US...